Savaria Corp. (SIS) Plans Monthly Dividend of $0.03

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Savaria Corp. (TSE:SIS) declared a monthly dividend on Wednesday, June 20th, Zacks reports. Investors of record on Friday, June 29th will be given a dividend of 0.03 per share on Monday, July 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, June 28th.

Shares of Savaria traded down C$0.26, reaching C$16.79, during midday trading on Friday, MarketBeat.com reports. The company had a trading volume of 99,400 shares, compared to its average volume of 96,825. Savaria has a 1-year low of C$12.04 and a 1-year high of C$19.24.

Savaria (TSE:SIS) last released its quarterly earnings results on Thursday, May 10th. The company reported C$0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of C$0.09. Savaria had a return on equity of 14.53% and a net margin of 8.58%. The business had revenue of C$56.59 million during the quarter, compared to analyst estimates of C$56.35 million.

In related news, Director Alison Fraser sold 10,000 shares of the stock in a transaction dated Monday, May 28th. The stock was sold at an average price of C$16.45, for a total value of C$164,500.00. Also, Director Alain Tremblay sold 5,900 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of C$17.40, for a total value of C$102,660.00. Insiders sold a total of 31,900 shares of company stock valued at $536,229 in the last quarter.

Separately, National Bank Financial increased their price target on Savaria from C$18.50 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 9th.

Savaria Company Profile

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

Dividend History for Savaria (TSE:SIS)

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